Looking for smart
income tax-saving options? Explore Pluxee’s expert tips to reduce your taxable income and maximize your savings. From salary restructuring to tax exemptions, learn how to secure financial freedom while staying compliant.
Saving income tax on salary can be achieved through various strategies. First, maximize deductions under Section 80C by investing in instruments like ELSS, PPF, NSC, or paying premiums for life insurance policies. Use Section 80D for health insurance premiums and Section 24(b) for home loan interest. Opt for tax-free allowances like HRA and LTA by submitting the necessary proofs. Employer benefits, such as meal vouchers or Sodexo cards, also offer tax exemptions. Consider the new tax regime for lower tax rates if you have minimal deductions. Efficient tax planning, tailored to your income structure, can maximize your savings legally.
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